Last report update for Chatham: Sunday, March 21, 2010
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Chatham Mortgages

Ontario Mortgage Statistics, Graphs and Charts

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Yearly Volume Comparison for Applications from Chatham

Year Year to Year
Comparison
** National
Contribution
2010: * 5.10% * 0.01%
2009: 10.20% 0.02%
2008: 15.31% 0.04%
2007: 12.24% 0.03%
2006: 21.43% 0.05%
2005: 10.20% 0.02%
2004: 12.24% 0.03%
2003: 9.18% 0.02%
2002: 4.08% 0.01%

Note: * These values are the percentages up to Sunday, March 21, 2010. Estimated volume targets for the entire 2010 year are 21.43% and 0.05% respectively. ** Total national contribution of Chatham mortgages in the past is currently 0.23% with a projected target of 0.27%.

Busy Months for Mortgage Applications within Chatham

The 6-year bar graph below represents the volumes of Internet applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Chatham seem to occur during our first quarter (represented by the brown bars) with 39.80% while our slowest is the fourth quarter (represented by the red bars) with 16.33%.

RankMonth Percentage
of Inquiries
1: February: 19.4%
2: March: 12.2%
3: April: 10.2%
4: July: 9.2%
5: January: 8.2%
6: August: 8.2%
7: November: 7.1%
8: September: 6.1%
9: May: 5.1%
10: December: 5.1%
11: June: 5.1%
12: October: 4.1%
Busy Months Report for Chatham Mortgages

Busy Days for Mortgages within Chatham

The graph listed below illustrates the busy days for mortgage applications that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Chatham, the day with the most volume, having more than 20.41% of all applications, is Thursday. In comparison, Friday's are the slowest day with only 10.20% of all inquiries.

Rank Day of the
Week
Percentage
of Inquiries
1: Thursday: 20.4%
2: Monday: 18.4%
3: Saturday: 14.3%
4: Tuesday: 13.3%
5: Wednesday: 12.2%
6: Sunday: 11.2%
7: Friday: 10.2%
Busy Days Report for Chatham Mortgages

Peak Hours for Applicants within Chatham

In Chatham, applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years.


Time Period
(24 Hour)
Percentage
of Inquiries
01:00 to 01:59: 1.0%
03:00 to 03:59: 2.0%
05:00 to 05:59: 3.1%
06:00 to 06:59: 3.1%
07:00 to 07:59: 1.0%
08:00 to 08:59: 3.1%
09:00 to 09:59: 9.2%
10:00 to 10:59: 4.1%
11:00 to 11:59: 8.2%
12:00 to 12:59: 7.1%
13:00 to 13:59: 8.2%
14:00 to 14:59: 10.2%
15:00 to 15:59: 6.1%
16:00 to 16:59: 3.1%
17:00 to 17:59: 4.1%
18:00 to 18:59: 5.1%
19:00 to 19:59: 7.1%
20:00 to 20:59: 2.0%
21:00 to 21:59: 7.1%
22:00 to 22:59: 3.1%
23:00 to 23:59: 2.0%
Peak Hours Graph for Mortgages in Chatham

Note: Only hours that have had mortgages from Chatham, Ontario are shown.

Ontario Mortgage Originations Compared to all other Provinces


Online Mortgage Origination
for the Province of
Percentage of
applications
Alberta: 21.11%
British Columbia: 10.86%
Manitoba: 2.09%
New Brunswick: 2.11%
Newfoundland and Labrador: 1.15%
Nova Scotia: 2.91%
Northwest Territories: 0.32%
Nunavut: 0.08%
Ontario 48.83%
Prince Edward Island: 0.44%
Quebec: 4.15%
Saskatchewan: 5.06%
Yukon Territories: 0.26%
Chatham Mortgages

Current City Standing within Ontario


Location Contribution
038:  KANATA, ON 0.274%
039:  MILTON, ON 0.265%
040:  WOODSTOCK, ON 0.258%
041:  WELLAND, ON 0.255%
042:  BELLEVILLE, ON 0.251%
043:  CHATHAM, ON 0.230%
044:  WOODBRIDGE, ON 0.227%
045:  NORTH BAY, ON 0.220%
046:  STONEY CREEK, ON 0.218%
047:  ST THOMAS, ON 0.206%
048:  ORILLIA, ON 0.204%

Nearest Settlements


1Charing Cross, Ontario
2Blenheim, Ontario
3Ridgetown, Ontario
4Tilbury, Ontario
5Merlin, Ontario
6Bothwell, Ontario
7Comber, Ontario
8Wallaceburg, Ontario
9Dresden, Ontario
10Belle River, Ontario
11Cottam, Ontario
12Tecumseh, Ontario
13Oil Springs, Ontario
14Algonac, Ontario
15South Woodslee, Ontario
16Wheatley, Ontario
17Thamesville, Ontario


Product Popularity for Chatham


Mortgage Application
Form Type
  Percentage
of Inquiries
First-time Buyer: 22.4%
No Money Down: 21.4%
Refinance: 20.4%
Qualification: 18.4%
Renewal: 7.1%
Purchase: 6.1%
Commercial: 2.0%
Low Doc: 1.0%
Equity Mortgage: 1.0%
 
Total Application Types Found: 9
 Chatham Mortgage Product Popularity Pie Chart

Age Demographics for Chatham Originated Mortgages

Average age: 37
Oldest age: 69
Youngest age: 19


Incomes for Chatham Originated Mortgages

The information below represents the average income of Canadians living in Chatham who have submitted a mortgage inquiry using CanEquity's pre-approval application.

Average annual gross income for
mortgage applicants in Chatham: $45,611.29
applicants within all of Canada: $58,592.40
Difference: ($12,981.12)
  
mortgage co-applicants in Chatham: $36,320.53
co-applicants within all of Canada: $41,278.89
Difference: ($4,958.36)

Note: Commercial loan amounts were not included for this report, only residential mortgages from Chatham, Ontario were used.

Residential Status for Chatham Mortgages

The pie chart below shows the residential status of people living in Chatham who have applied for a loan using CanEquity's preapproval application.

Residential Status of
Mortgage Applicant
  Percentage
of Inquiries
Rent: 42.9%
Own: 43.9%
Other: 3.1%
No Comment: 3.1%
Live with parents: 7.1%
Chatham Residential Status Pie Chart

Marital Status for Chatham Mortgages

The pie chart below represents the marital status of applicants from Chatham, Ontario using the mortgage application found at the CanEquity web site. Over 58% of the mortgage applicants are living together with someone, while only 40% are single, separated or divorced.

Marital Status of
Mortgage Applicant
  Percentage
of Inquiries
Married: 33.7%
Single: 28.6%
Common-law: 24.5%
Separated: 8.2%
Divorced: 4.1%
Widowed: 1.0%
Chatham Marital Status Pie Chart